Corporate Governance
Source: https://bm.hkust.edu.hk/bizinsight/tag/corporate-governance Parent: https://bm.hkust.edu.hk/bizinsight/bizstudies
HUI, Kai Wai
Insider Trading Deterred by Liberal-Leaning Judges
HKUST-led research shows that judges’ ideological leanings affect the outcomes of insider-trading cases. According to Allen H. Huang, Yue Zheng, and a co-author, liberal judges take an especially strong stance against insider trading, with significant real-world consequences for traders and regulators. Judge ideology is known to influence securities lawsuits ... Read More
[ BizStudies ]
FAUVER, Larry
TABOADA, Alvaro G.
Improving Institutional Monitoring through Boardroom Gender Diversity Reforms
In the last decade, reforms have been implemented worldwide to improve gender diversity in corporate boardrooms. “Boardroom diversity is a key social performance issue, and boardroom reforms represent major social and governance policy initiatives,” say HKUST’s Mingyi Hung and Emily Jing Wang, working with colleagues. Their forward-thinking study sheds light ... Read More
[ BizStudies ]
EDMANS, Alex
FANG, Vivian W.
Vesting Equity Causes CEO Short-termism
The “short-termism” induced by executive pay schemes is a major problem for firms and investors. Allen H. Huang of HKUST, together with overseas colleagues, provides important new insights into the negative consequences of executive myopia. The researchers examined the share repurchasing and mergers-and-acquisitions (M&A) behavior of firms whose CEOs have ... Read More
[ BizStudies ]
DAU, Luis Alfonso
LYLES, Marjorie A.
CHACAR, Aya S.
Informal Institutions and Local Adaptation
Informal institutions—society’s unwritten codes of conduct—influence all aspects of international business, but they have received surprisingly little attention in the literature to date. Helping to fill this gap, HKUST’s Jiatao Li and co-researchers build a novel typology and framework for examining neglected aspects of informal institutions, as well as the ... Read More
[ BizStudies ]
CUYPERS, Ilya R.P.
PATEL, Charmi
ERTUG, Gokhan
CUYPERS, Youtha
International Business Strategies for Firms
Over the past few decades, a substantial body of work has developed from the study of international issues relating to top management teams, particularly in relation to how firms formulate international strategies, how and where firms tend to grow their international businesses, and the performance outcomes of the choices made by them. This review provides a ... Read More
[ BizStudies ]
BERTRAND, Marianne
BOMBARDINI, Matilde
FISMAN, Raymond
TREBBI, Francesco
Investing on Influence: Investors, Portfolio Firms, and Political Giving
Gone are the days of small-scale investment - the rise of institutional investors has changed the game completely. In 1950, only 6% of publicly traded US companies were owned by institutional investors, but fast forward to 2017 and that number has skyrocketed to 65%. The "Big Three" - BlackRock, Vanguard, and State Street Global Investors - hold a ... Read More
[ BizStudies ]
ANG, James S.
TANG, Di
WU, Chaopeng
Could Social Media Empower Small Investors in Corporate Governance?
Social media posts about potential mergers and acquisitions (M&As) can significantly predict the likelihood of M&A success, say HKUST researcher Charles Hsu and colleagues. Social media message boards give China’s 50 million small investors a voice, which they are using to express their opinions on acquisition activity. This study establishes an influential ... Read More
[ BizStudies ]
Corporate Governance and Green Finance
[ Green Finance ]
YANG, Hongyan
TANG, Yi
Executive Hubris: Good News for Innovation
Overconfidence among top managers may be “instrumental” to firm innovation, according to a pioneering new study of more than 6,000 U.S. and Chinese companies. Given the crucial role played by executives in every aspect of business operations, it is little wonder that their personalities affect firms’ decisions and performance. However, researchers have ... Read More
[ BizStudies ]
NOVOSELOV, Kirill E.
WANG, Rencheng
Corporate Performance: The Vital Connection Between Information and Managerial Decisions
The real economic effects of financial reporting can be understood by looking into the joint effect of managerial overconfidence and accounting conservatism, specifically regarding the quality of corporate decisions. For instance, under what conditions does accounting conservatism improve corporate performance? Within the context of a firm, a chief executive ... Read More
[ BizStudies ]